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| Exchange Received Time 14/12/2018 11:27:36 Exchange Disseminated Time 14/12/2018 11:27:40 Time Taken 00:00:04 | This is with reference to the Scheme of Amalgamation ('Scheme') for transfer and vesting of PIPL Management Consultancy and Investment Private Limited ('Amalgamating Company 1') and Global Consultancy and Investment Private Limited ('Amalgamating Company 2') into NIIT Limited ('Amalgamated Company'/ 'Company'), as sanctioned by Hon'ble National Company Law Tribunal, New Delhi Bench vide its Order dated November 12, 2018.
Pursuant to the Scheme, the Board of Directors of the Company at its meeting held today (which commenced at 10:00 A.M. and concluded at 11:00 A.M.) has approved the allotment of:
- 25,366,521 fully paid up equity shares of the face value of Rs. 2/- each at par, to the shareholder of Amalgamating Company 1; and
- 25,915,838 fully paid up equity shares of the face value of Rs. 2/- each at par, to the shareholder of Amalgamating Company 2.
Further 51,282,359 equity shares held by the Amalgamating Companies in the share capital of the Company got cancelled pursuant to the Scheme.
There is no change in equity shareholding (Promoter/ Public) of the Company, post allotment/ cancellation of equity shares.
You are requested to please take the same in your records.
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